The rising adoption of the plastic-based material in various applications such as building & construction, packaging, automotive and others is a major factor that propels the growth of the global market. Plastics find its application in nearly every aspect of life, be it aeronautics industry to a wide range of consumer goods. In the aeronautics industry, plastics are used in satellites, shuttles, and aircraft.

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The plastics are a lightweight, versatile material that is suitable for a wide range of consumer and industrial applications. Plastics contribute to the more efficient application of energy and lower CO2 emissions over their life cycle due to their unique properties, meaning that they can greatly enhance resource efficiency. Additionally, the rising adoption of bioplastics is the key market trend for the market. The bioplastics are easily degradable and less harmful to the environment as compared to non-degradable plastics. However, the strict regulations and policies related to the degradability of engineering plastics products can hamper the growth of the global plastics market.

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Global Plastics Market Segmentation

By Material Type

Polyethylene (PE)

Polypropylene (PP)

Polystyrene (PS)

Polyvinylchloride (PVC)

Polyurethane (PUT)

Polyethylene terephthalate (PET)

Acrylonitrile-Butadiene-Styrene (ABS)

Polymethyl Methacrylate (PMMA)

Others ( Polyphenylene Oxide, Polycarbonate, Polyamide)

By Application

Packaging

Building & Construction

Automotive

Electrical & Electronics

Healthcare

Household, Leisure and Sports

Agriculture

Others (Consumer Goods, Furniture)

Regional Analysis

North America

United States

Canada

Europe

UK

Germany

Italy

Spain

France

Rest of Europe

Asia-Pacific

China

India

Japan

Rest of Asia-Pacific

Rest of the World

Company Profiles

Airex Industries Inc.

Arkema Group

Arya Sasol Polymer Co.

Asahi Kasei Group

BASF SE

BiologiQ, Inc.

Borouge Pte. Ltd.

Braskem S.A.

Celanese Corp.

Chevron Corp.

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